M&A Deal Summary

Opus Inspection Acquires Drew Technologies

On March 24, 2015, Opus Inspection acquired automotive company Drew Technologies for 30M USD

Acquisition Highlights
  • This is Opus Inspection’s 2nd transaction in the Automotive sector.
  • This is Opus Inspection’s 2nd largest (disclosed) transaction.
  • This is Opus Inspection’s 2nd transaction in the United States.
  • This is Opus Inspection’s 1st transaction in Michigan.

M&A Deal Summary
Date 2015-03-24
Target Drew Technologies
Sector Automotive
Buyer(s) Opus Inspection
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Drew Technologies

Ann Arbor, Michigan, United States
Drew Technologies, Inc. is a manufacturer of vehicle communication and diagnostic equipment for the vehicle inspection and automotive service industry. Drew Tech offers tools used for vehicle development, engineering, data acquisition, end of line testing, factory diagnostics, and custom projects .

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Buyer(S) 1

Buyer

Opus Inspection

East Granby, Connecticut, United States
Category Company
Founded 1974
Sector Automotive
DESCRIPTION

Opus Inspection, Inc. is a company in vehicle inspection technology and vehicle inspection program operations.

DEAL STATS #
Overall 2 of 3
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Michigan) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Envirotest

East Granby, Connecticut, United States

Envirotest Corp. is a provider in centralized vehicle emissions testing services and technology in North America. Envirotest operates seven centralized and decentralized vehicle emissions testing programs in the U.S. and Canada under its Envirotest brand.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 Applus Technologies

Brookfield, Wisconsin, United States

Applus Technologies provides end-to-end vehicle emissions and safety inspection services to meet regulatory requirements. The company's experience includes managing centralized, decentralized, and hybrid programs, and inspecting all vehicle types from motorcycles and passenger vehicles to commercial and heavy-duty vehicles. It delivers comprehensive electronic driver's license examination systems that automatically determine if applicants have the necessary knowledge and road skills to operate a vehicle safely. The integrated modular components of DriveSuite include DriveScheduler, DriveQuiz, and DrivewAtch. Applus Technologies is based in Brookfield, Wisconsin.

Buy -
Mergr

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